Stocks and Dollars

US equities were little changed, consolidating near the month’s low. There was a minor bounce after the better house price data, but the FOMC minutes dampened the mood and the S&P500 closed unchanged. The minutes had a clear dovish tilt, downgrading economic growth expectations, and suggested a willingness to reinvest

The dollar was higher against the pound on Tuesday but lower versus the yen and Swiss franc. The Federal Open Market Committee August 10 meeting minutes, released today, showed that while some Fed officials were concerned the economy was weakening, there was no plan to resume large asset buys and

The bullish structure developed well with a pullback from the top of the 1.0610-30 area that provoked the correction back to just above the 1.0560-70 support. This provided the base for a test to the 1.0672 high. I remain bullish but feel we require a correction before the rally can

Conditional critical level is once again broken, besides, a wave [b] prospective Expanded Flat B of (2) at level of the limiting sizes. It persistently specifies all in necessity of revision of the scenario. The variants considering behaviour of the price will be considered in the near future and published

EUR/USD Today’s support: – 1.2653, 1.2626 and 1.2590(main), where correction is possible. Break would give 1.2574, where correction also may be. Then follows 1.2552. Break of the latter would result in 1.2533. If a strong impulse, we would see 1.2512. Continuation will give 1.2485.

Euro 1.2690 Initial support at 1.2588 (Aug 24 low) followed by 1.2434 (61.8% retrace of 1.1877-1.3334). Initial resistance is now located at 1.2933 (Aug 12 low) followed by 1.3000 (Big figure Resistance)

U.S. Dollar Trading (USD) very weak Asian stocks helped the USD to intraday highs against most pairs except the other safe havens in the JPY and CHF. US sentiment improved though and stocks were able to finish higher as June House Price Index showed a 4.2%y/y and CB Consumer Confidence

EUR/USD closed lower on Tuesday as it consolidates some of the rally off this month’s low. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bullish signalling that additional strength is possible near-term. If it